If so, they can definitely show you where your inspection contingency clause is in your contract.

So, of course its a red flag to anyone who does not know the parties involved.

The property has been owned outright for over 70 years, has had the same tenant over 50 years (a utility company), and we are looking at taking out around 40% LTV, and the mortgage payments would be covered 2-3x by the rental income, so very stable, safe lending situation. 

It is tough because it feels like a mix but I would say it is a B-/C+ area so I will think about that when doing this.

Thanks so much and I look forward to hearing from you

Hi,I want to get started in real estate investing and so far I am mostly interested in long term rental properties and Multi-family properties.

f so why not just buy it in the LLC.

Hey @Josef Bryan Gerster, so you could increase you minimum stay to 3 days.

In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents.

So I just need to make a decision and go with it.